Boston Partners lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 664,877 shares of the game software company’s stock after buying an additional 11,004 shares during the period. Boston Partners owned about 0.22% of Electronic Arts worth $78,496,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. D. Scott Neal Inc. purchased a new position in shares of Electronic Arts during the 2nd quarter worth approximately $120,000. Tower Research Capital LLC TRC raised its stake in shares of Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after buying an additional 1,063 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Electronic Arts during the 3rd quarter worth approximately $183,000. Captrust Financial Advisors purchased a new position in shares of Electronic Arts during the 2nd quarter worth approximately $195,000. Finally, Ray Gerald L & Associates Ltd. acquired a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $208,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Electronic Arts Inc. (NASDAQ:EA) opened at $112.75 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 3.01. The firm has a market capitalization of $34,453.77, a price-to-earnings ratio of 28.76, a P/E/G ratio of 1.83 and a beta of 0.65. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79.
In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the transaction, the chief financial officer now directly owns 182,814 shares in the company, valued at $20,464,199.16. The disclosure for this sale can be found here. Insiders sold a total of 190,596 shares of company stock worth $22,627,981 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.
A number of equities research analysts recently weighed in on EA shares. Goldman Sachs Group, Inc. (The) started coverage on Electronic Arts in a report on Friday, September 8th. They issued a “buy” rating and a $136.00 price target on the stock. BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Piper Jaffray Companies restated a “buy” rating and issued a $128.00 price target on shares of Electronic Arts in a report on Thursday, October 12th. Cowen and Company restated a “hold” rating and issued a $106.00 price target on shares of Electronic Arts in a report on Friday, September 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $127.00 price target on shares of Electronic Arts in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $123.38.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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